Skip to main content

About your Search

20121205
20121213
STATION
LANGUAGE
Search Results 0 to 6 of about 7 (some duplicates have been removed)
Current
Dec 7, 2012 2:00am PST
. >> eliot: one thing everyone in the so-called fiscal cliff negotiations agree on is the tax cuts should remain in the middle class. because john boehner refuses to bring any proposal to the floor unless his own party sports it, there is yet to be a vote in the house. i had a chance to discuss this ridiculous state of affairs with congressman chris van hollen earlier today. he had an answer for that crazy situation. >> the issue of the fiscal slope, what is the "state of play" right now. how do you assess the two positions? >> well, things remain in the air still. the president supported a very specific plan. you had speaker boehner come forward with something on paper but a lot less than met the eye he was not specific at all the cuts. i guess the good news is in the last 24 hours, they've talked on the telephone the speaker and president. we've got a long way to go. >> eliot: it presumes toward the end there will be some sort of compromise that kicks the can down the road. there is a procedural technique something called a motion to discharge that would permit to get to the floor of th
Current
Dec 11, 2012 2:00am PST
over this past weekend we heard the fiscal cliff is a cliff. no parachute. bad things happen if we go over it. i have never been persuaded of that. the payroll tax is likely to go up either way. the taxes in the healthcare bill will kickback in no matter what. sequestration could be remedied. is it in your view a slope, a cliff, what is the metaphor, and is there hysteria attached to this that is excessive? >> cliff is a problematic metaphor because it is not like the debt ceiling. it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy avoids a recession next year. it's not guaranteed but it's more than enough to push the economy into a recession. i
Current
Dec 10, 2012 5:00pm PST
and ignore the momentarily crisis, the fiscal cliff or the ben gas bengahzi kerfuffle how do we begin to think about that, you mentioned, you are the think tank of this administration. >> we put put forward a tax reform plan that meets the levels of revenue that they put forward, but does it in a fairer way that supports the middle class and working people by changing the structure of the personal income taxes. it does raise the rates up to back up to the clinton levels, which by the way the economy did pretty well under for the people at the top but it converts deductions into a simple credit, which would make the income tax system rather than exacerbateing income and inequality, it would dampen it by giving everybody the same credit. if i'm a teacher and i have $1' worth of mortgage, i get $0.18. if i'm a millionaire i get $0.18. >> eliot: right now, the higher income get a bigger deduction. >> that's true for retirement and across the range of benefits that you get under the incomes tax. >> eliot: i want to focus on a piece of that proposal that you put forward. you want to raise t
Current
Dec 5, 2012 2:00am PST
. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cc >> with all the hysteria over the fiscal cliffs, there was euphoria when john boehner puts fort a proposal. his proposal fails every test. let's not forget, the deficit isn't the biggest problem. it's the lack of demand and equity in our distribution of income, two little data points we shouldn't forget. 93% of the in jump added in the 2010 went to the top 1% and wages are the lowest they've ever been. it's simply not fair. for ideas to solve the problems and the deficit at the same time, bob rob an and larry summers suggested some away raise capital gains taxes. lets stop giving capital preferences over earned income. it's only fair and right. it won't solve the problem but will go a long way. back to john boehner. he doesn't say anything about this, because he refuses to raise rates. it can only be because he refuses to see the real problem. joining me now congressman thank you for joining us as always. >> thank you. am i right about the boehner proposal and what the underlying problems are. >> you are. also it's also true with the boehner proposal is it's not specific. he mak
Current
Dec 5, 2012 5:00pm PST
the treaties e tending u.n. treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then use their leverage to n
Search Results 0 to 6 of about 7 (some duplicates have been removed)